What is the maximum price you will pay for bond

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What is the maximum price you will pay for a bond with a face value of $1000 and a coupon rate of 14%, paid annually, if you want a yield of 10%. Assume that bond will mature in 10 years and the first payment will be received in one year

Reference no: EM131317814

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What is the maximum price you will pay for bond : What is the maximum price you will pay for a bond with a face value of $1000 and a coupon rate of 14%, paid annually, if you want a yield of 10%. Assume that bond will mature in 10 years and the first payment will be received in one year

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